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This is the 2nd time the seller's agent gave a ss approval letter with a 7-day approval to close. Need at least 2 weeks to close. Bank has list of work that needs to be done and title company wont…Continue

The present buyer is backing out due to too high counter offer. The house was listed at $181k and is now at $134,500 after 5 months on the market and no offers. Needs extensive work due to deferred…Continue

Does anyone know if this is possible? The property is a townhouse in Hawaii. The association foreclosed on nonpayment of maintenance fees. It’s a fannie mae owned loan and serviced by green tree.…Continue

Retired Short Sale seller is moving across the country, has a Green Tree first loan. Will not be late on payments but has to sell below loan amount. Had refinanced about 5 years ago so got his…Continue

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Kathleen, Ditech has several different fax numbers depending on what you are doing. For 3rd Party Auth: 877-612-2422 For Short Sale Package: 877-612-2422 AND/OR 866-870-9919. You could have a negotiator giving you their personal fax number which will be different than the above. Keep in mind, IF you are using a personal fax and that person is out of the office, there could be a delay in processing the documents. Chad.

I am getting different directions from Ditech as to where to FAX authorization and package depending on the day that I call. They gave the agent assigned to evaluate the property my number as a contact, still, they don't have me in their system as the person to contact. Oh, happy day.

I am currently working on a ditech short sale application. Do you have any opinion on fast the process would be to approved the application? The property at that the moment doesn't need moderate renovation to sell to a FHA Homebuyer.

so I figured out that my seller's gross income shows that they barely make enough, but the net income -- take home pay -- shows a negative cash flow. on the expenses section, should I include the taxes/fica etc to fix this?

Luther/Fred - with an FHA short sale, income does matter. Escalating it with the servicer/FHA will do nothing but waste a lot of your time. What you need is to contact the HUD dept that can issue you certain types of assistance with dealing with the servicer and FHA's unwillingness to accept the deal based on a number of factors. However, if your client is making enough money for them to deny the short sale, it should be sufficient enough for a loan modification and she could probably apply for a principal reduction loan mod that will lower her payments, lower the total balance, and new laws will protect her from having a trial period turn into a sudden foreclosure. Give me a call if you'd like some advice or assistance; 631-463-6025,

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